Rhe rising pulse of the fourth wave is being formed | 05 May 2016
05 May 2016, GBP/USD
The signal obtained from the final diagonal triangle has fully exhausted.The pair fell strongly, thereby initiating development of the correctional wave iv of the rising momentum.
At the same time, buyers are making an attempt to the answer that in any way, but so far they do not suceed.
Probably, soon the pair will grow slightly within the emerging wave iv. But we should not buy in anticipation of this movement, because growth may be negligible or the price can just leave the flat.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
